A crypto analyst popular on Twitter and Youtube shared his expectations for AI coins that have been trending since January. The analyst, who expects an increase of over 50% for artificial intelligence coins, says that some projects may fall at the same rate.
Michaël van de Poppe updates his predictions for AI coins
The prominent crypto analyst said in his current analysis that Ethereum rival Phantom (FTM) could lose over 50% in value. According to Poppe, FTM could correct from the current price level of $0.4516 to $0.33. The crypto analyst shared the technical levels to follow in a part of his latest Youtube post:
On the FTM chart, $0.65 is our long-term permanent resistance. The previous low block here is at $0.51. If you use the order block theory, you can easily understand that this block around $0.48 will give you a big jump at this point.
If we don’t, we’re looking at $0.38, and we’re looking at the whole region of $0.3, for both swinging entries and the second, we just buy the bounce, and in that case we can create a 50% bounce.
Fantom is a directed acyclic graph (DAG) smart contract platform that provides decentralized finance (DeFi) services to developers using its own consensus algorithm. Its price is currently in the green around 2% over the last 24 hours. Poppe says a break of $0.51, $0.48, and then $0.38 could lead to a sharp correction to $0.33.
The Graph (GRT)
Poppe then took a look at the graph of Graph (GRT), one of the altcoin projects that indirectly serve the AI market. The technical analyst says that if GRT price exceeds $0.17, it could rise to $0.21:
GRT has completed a major rally. The level here is $0.095 on a daily basis, and if we break it, we can instantly go to $0.13. If we can get to $0.17 from here, we’ll most likely have a breakout to $0.185 and then start targeting $0.20 to $0.21, which gives you 25% to 35% gains.
Fetch.ai (FET)
Finally, the analyst says that the artificial intelligence platform Fetch.ai has exhausted the bull run it started in January and may see a correction up to $0.20. On the other hand, if FET price manages to hold its current levels, it could continue to rise as high as $0.90. FET closed 2022 at $0.094 and rose 527% on Feb. 8 to a 2023 high of $0.59. Here are the price levels Poppe expects:
Subtracting all these highs, we went from $0.06 to $0.60. So, with this build taking $0.60, we’re probably in the last phase of this run for Fetch. If we continue to rally, I think we will head towards $0.90. But at the same time, we can easily correct from $0.20 to $0.30 and have a bottoming season.
cryptocoin.comAs Microsoft, we mentioned that Bill Gates, the founder of Microsoft, talked about artificial intelligence (AI) technology and that the AI token market was active.
